Guideline Value for DURASAMI AVENUE & STREETS

Durasami Avenue & Streets guideline value

The current guideline value of Durasami Avenue & Streets is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Durasami Avenue & Streets has changed

The guideline value for Durasami Avenue & Streets has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has further increased the value to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which matches the guideline value for Durasami Avenue & Streets.

• D.S.Avenue: Rs 770 per sq.ft (2024)
• Drr Nagar: Rs 990 per sq.ft (2024)
• E.B.Colony Streets: Rs 840 per sq.ft (2024)
• Ellammal Koil Street: Rs 440 per sq.ft (2024)
• Ennai Petra Thaiyar Nagar: Rs 660 per sq.ft (2024)
• Dollar County: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Durasami Avenue & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Durasami Avenue & Streets?

Durasami Avenue & Streets falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value plays a significant role in ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Durasami Avenue & Streets?

The current guideline value of Durasami Avenue & Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, marking an overall increase of 60%.

What are the stamp duty rates applicable in this area?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I contact for property registration?

The Avadi Sub Registrar Office covers Durasami Avenue & Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

Where can I find more information about other streets in Thiruninravur-A?

You can find information about other streets in Thiruninravur-A and their respective guideline values through the links provided in the guideline values section.